Best Endowment Rates in Singapore (August 2026): Current Comparison by Premium Term

This article requires an average reading time of 3 minutes 20 seconds. 

We compare available endowment plan options in Singapore with different premium payment term (5-pay, 10-pay and single premium) to determine which insurer’s endowment plan currently displays the highest projected yield.

Current endowment-rate comparison: 5-pay, 10-pay and single premium

The table below answers the question readers often ask: which insurer’s endowment plan currently displays the highest projected yield for a chosen commitment period for premium payment in Singapore?

Quick answer. In this 2026 comparison, the highest displayed projected yield to maturity is 3.70% p.a. for China Life SaveForward Endowment series 2 in a 5-year premium term, 20-year policy term scenario.

Caveat Emptor. The returns consist of guaranteed and non-guaranteed components. The result reflects a specific comparison profile and a stated 4.25% projected investment-return assumption for its par fund. Results may differ potentially should different age, gender and smoking profiles be used. Past performance of the par fund may not reflect future performance which may also result in the reduction of its future declaration of reversionary bonuses, thus resulting in the reduction of overall projected yield. So buyers beware.

Our findings above are not representative of the whole Singapore market especially when new products are being developed as you read. InsuranceGuru.com.sg is not paid to represent or promote any specific products above. Product availability, premiums and illustrated benefits can change; readers are advised to request a current product summary and policy illustration for consideration.

The important distinction: projected yield versus guaranteed yield

An endowment policy combines savings and protection over a fixed term. For participating policies, part of the maturity value may come from non-guaranteed bonuses that depend on the participating fund’s investment performance, claims experience and expenses.

That is why the table places the guaranteed yield to maturity beside the projected figure. In the 5-pay, 20-year comparison, for example, the displayed 3.70% projected yield is paired with a 1.38% guaranteed yield. The difference is the decision-critical risk: the projected component may not be achieved.

The 4.25% figure should also be read correctly. The Life Insurance Association Singapore states that, for Singapore-dollar participating policies, the upper illustration-rate cap is 4.25% p.a. and the lower illustration rate is at least 1.25 percentage points below it ie 3% p.a. currently. These are illustration assumptions—not actual policy returns or a promised range.

Which endowment-rate table should you use?

Choose the row that matches how you intend to fund the policy. A 5-pay plan suits buyers who want to finish premiums earlier; a 10-pay plan spreads payments over a longer period; a single-premium plan is for capital already set aside. Do not compare a 5-pay/20-year result with a single-premium/20-year result as if they were identical propositions: the cash-flow commitment is different.

FAQ from readers

What is the best endowment rate in Singapore now?

3.70% p.a. is the highest displayed projected yield to maturity, attached to China Life SaveForward Endowment series 2 in the 5-pay, 20-year scenario. It is a scenario-specific projected figure, not a market-wide or guaranteed ranking.

Is a 3.70% endowment return guaranteed?

No. The guaranteed yield shown for that scenario is 1.38%. For participating policies, non-guaranteed benefits can change; declared reversionary bonuses may become guaranteed, but future illustrated bonuses are not guaranteed.

Should I surrender an endowment plan if rates have changed and my endowment does not have the best rate?

No, that is not advisable as early termination may result in losses, including loss of capital. The latest ‘best projected rates’ may not be fulfilled fully in the future too as the yield consists of guaranteed and non-guaranteed returns components. Seek advice from a qualified financial adviser. A lot of stronger reasons, monetary and non-monetary, should be present to warrant a replacement of policy, and not simply because there is a new endowment in town with better projected rates.

Should you need unbiased advice from a wealth adviser who is not tied to any single insurer brand, please email us at admin@insuranceguru.com.sg We will refer a professional to you.

Insure yourself, protect others.
Yours,

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